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E-mail strategy fails in Bear hedge fund case
Legal experts say the verdict raises questions about how law enforcement officials will investigate possible wrongdoing by others in the lead-up to the financial crisis
Adobe joins tech jobs cull
The US software maker announced plans to shed 680 jobs, or 9% of its workforce, the latest in a wave of job cuts hitting the technology industry in spite of mounting evidence pointing to a market upturn
GE targets security systems for sale to UTC
GEis in talks to sell its security systems unit to UTC for more than $1.5bn in yet another effort to reshuffle its sprawling portfolio and raise capital for acquisitions
Maclaren chief pledges global action
Maclaren, the British pushchair company that has recalled 1m of its products in the US after 12 children’s fingertips were amputated, has suggested parents should keep children at a safe distance when opening its pushchairs
Brussels warning on fair value shake-up
European Commission officials warn a radical overhaul of rules on how banks value their assets could lead to greater volatility in their accounts
Oracle rejects Brussels antitrust claims
Oracle mounted a strident attack on Europe’s competition authorities as it confirmed that it had received an official objection from Brussels to its proposed $7.4bn acquisition of Sun Microsystems.
GM chief promises cash for new-look Opel
The US carmaker promises a more independent European unit and vows to support it with fresh money after a series of meetings with its management and works council
Hedge fund interest in Cadbury increases
Paulson & Co, the New York hedge fund, announces a 2.08% stake in the confectionery group following Kraft’s £9.8bn hostile bid
Goldman chief defends employees’ pay
Goldman Sachs pays its employees more than other financial groups because its employees are more productive, declared Lloyd Blankfein, chief executive
Left to sift through GM’s wreckage
The chief executive of Motors Liquidation Company, the ‘bad’ part of GM that remains under Chapter 11 protection, has the unenviable job of determining the fate of unwanted assets
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